BioTrade project offers a range of benefits for member companies, namely:
For governance:
- Improve operational efficiency and effectiveness through application of international standards in management and production;
- Secure a supply of natural ingredients of high sustainable quality;
- Opportunities to access to potential financing sources.
For business:
- Enhance brand name on the ground of the project’s active communication;
- Gain competitive advantage as a result of adopting strategic business management measures;
- Access to high-end and export markets;
- Open up opportunities to become part of a global BioTrade network.
Moreover, communities who participate in the project are also given the opportunity to improve their knowledge and skills in cultivating, harvesting/collecting, and processing of medicinal plants. Besides, establishing direct contact with manufacturers helps reduce market vulnerability and increase their income, stabilize their livelihood.